KINGFISHER AIRLINE

Kolkata: Grounded Kingfisher Airlines has written to UCO Bank wanting to know the basis of attaching the 'wilful defaulter' tag on the carrier.
"First we had sent the airline and its corporate guarantor a notice asking why the two entities should not be declared as wilful defaulters," a source in the...

Mumbai: In a major blow to Vijay Mallya, top exchanges like Bombay Stock Exchange and National Stock Exchange have announced suspension of trading in shares of Kingfisher Airlines from December.
The announcement which was made on Friday also includes UB Engineering, a part of Mallya's conglomerate- United Breweries Limited.
The...

New Delhi: Ailing Kingfisher Airlines, facing proceedings initiated by lending bank PNB to declare it and its guarantors Vijay Mallya and UBHL as wilful defaulters, on Monday told the Delhi High Court that it has the right to be represented by lawyers before the bank's panel.
"Unless, a law specifically...

Mumbai: Days after United Bank of India declared Kingfisher Airlines promoter Vijay Mallya and three other directors wilful defaulters, country's largest bank State Bank of India on Tuesday said it has also sent a notice to tag them as "wilful defaulters".
"We have already sent a notice to KFA (to declare...

Mumbai: Debtridden Kingfisher Airlines on Tuesday contested UBI's decision to declare it as a wilful defaulter, saying that RBI guidelines in this regard do not apply to the company.
The carrier, which has been grounded since October 2012, is also in the process of seeking legal...

New Delhi: Under fire from the court and banks, Kingfisher Airlines Chairman Vijay Mallya has denied allegations that he is a wilful defaulter. He has said that he will take the legal recourse available.
He made these comments while attending the United Breweries' Annual General Meeting in Bangalore on Thursday....

Mumbai: In more trouble for Kingfisher Chairman Vijay Mallya, the Supreme Court has refused to entertain his plea against being declared a 'wilful defaulter' by the United Bank of India. Kolkatabased United Bank has set in motion the process that will declare Mallya and his Kingfisher Airlines as wilful defaulters...

New Delhi: In a setback for the Kingfisher Airlines, the Supreme Court on Tuesday refused to restrain the Union Bank of India from declaring it a wilful defaulter. "Now that you have been declared a defaulter, you can challenge it in any court," the SC said.
The KFA had approached the...

New Delhi: Staterun United Bank of India on Monday became the first lender to declare debtridden Kingfisher Airlines and its promoter Vijay Mallya as wilful defaulters.
"We have declared Vijay Mallya and three other directors of Kingfisher Airlines as wilful defaulters," United Bank of India Executive Director Deepak Narang told PTI.
The...

New Delhi: The Central Bureau of Investigation on Sunday begun a probe into Rs 900 crore loan given by the IDBI Bank to the now defunct Kingfisher Airlines. The loan was given in 2009 despite an internal bank report that the aviation company was in the red.
The report was...

New Delhi: Three private carriers jointly owe about Rs 377 crore as unpaid airport and other dues to the Airports Authority of India (AAI), including Rs 172.69 crore by defunct Kingfisher Airlines alone, between April and June.
Cases have been filed in the Bombay High Court against Kingfisher which has shut...

Kolkata: Citybased lender United Bank of India has asked Vijay Mallya and three other directors of grounded Kingfisher Airlines to appear before a panel of the bank at the head office here on July 9.
"The recovery department of the bank has sent a letter to them asking chairman Vijay Mallya...

Mumbai: Kingfisher lenders on Monday put on block nine trademarks of the grounded carrier to recover dues running into crores of rupees. The trademarks put on on the block include Fly Kingfisher and Fly Kingfisher (Label), both registered with KFA and each having a validity of up to January 10,...

Grounded Kingfisher Airlines, which has not flown in more than a year, reported yet another quarterly loss as it had no income from operations.
Kingfisher, once India's no. 2 carrier and headed by flamboyant liquor baron Vijay Mallya, said net loss was 8.22 billion rupees for its fiscal third quarter to...

Mumbai: The employees of the grounded Kingfisher Airlines, who have not been paid their salaries for the past 17 months, on Sunday said they will seek help from Delhi Chief Minister Arvind Kejriwal in getting their dues.
"In the past, we have requested to both the Congress and the BJP...

Mumbai: The employees of the grounded Kingfisher Airlines, who have not been paid their salaries for the past 17 months, on Sunday said they will seek help from Delhi Chief Minister Arvind Kejriwal in getting their dues.
"In the past, we have requested to both the Congress and the BJP to...

An FIR was filed against liquor baron Vijay Mallya and his cashstrapped Kingfisher Airlines on a criminal complaint by Bangalore International Airport Limited for nonpayment of user development fees and passenger service fees to it on Friday.
"We have filed an FIR against Vijay Mallya and Kingfisher Airlines...," Assistant Police Commissioner...

Kingfisher Airlines Ltd, which has been grounded for almost a year for want of cash, is in talks with a foreign investor for a potential stake sale, Chairman Vijay Mallya said on Tuesday, without naming any investor.
"I expect this to take some form or shape in the next 90 days....

A founder group company of grounded Indian carrier Kingfisher Airlines Ltd is seeking about $236 million in damages from engine-maker International Aero Engines for allegedly supplying "inherently defective" engines, the airline said.
United Breweries (Holdings) Ltd has filed a lawsuit against International Aero Engines AG and its shareholders in a court...

Mumbai: Kingfisher Airlines Chairman Vijay Mallya has blamed almost everyone, including engine suppliers, employees, banks and tax authorities, for grounding of the carrier since October last year.
In the airline's annual report (2012-13), he also mentions that the company is in talks with a "potential investor". United Breweries (Holdings) Ltd, the...

Mumbai: In another setback for Kingfisher Airlines Chairman Vijay Mallya, the Kingfisher Airlines House in Mumbai will now be auctioned. The State Bank of India, which is a lender to the airlines, took possession of the Kingfisher House on Saturday.
KFA House is the headquarters of the airline in...

New Delhi: The Indirect Tax Department on Thursday hinted that Vijay Mallya, owner of the grounded Kingfisher Airlines, may face prosecution in a service tax evasion case. "Prosecution is definitely a provision there in the Act. And that decision of taking action on Kingfisher owner for not paying service tax...

Mumbai: The employees of the grounded Kingfisher Airlines, who were on a hunger strike, called it off on Friday evening though airline chairman Vijay Mallya reportedly expressed inability to pay salary arrears. The agitation was called off after the second round of meeting between the employees and airline CEO Sanjay...

Mumbai: Kingfisher Airlines chairman Vijay Mallya on Friday told his agitating employees, who began a hunger strike, that he did not have money to clear their salary dues. "I don't have the money to pay your salary dues, because I cannot use the proceeds from the United SpiritsDiageo deal for...

Mumbai: A section of the employees of the grounded Kingfisher Airlines on Thursday sat on a hunger strike at the Kingfisher House in Mumbai, demanding immediate payment of salaries, which have been pending since last August. "As many as 6070 employees are currently on an indefinite hunger strike at the...

Mumbai: Three more senior executives of Kingfisher Airlines, including its chief information officer, have quit the grounded carrier even as a section of its pilots are set to revive their agitation over nonpayment of salaries. "The airlines' chief information officer Saurav Sinha, flight operations head Capt Ronald Nagar and cabin...

Mumbai: Kingfisher Airlines, grounded since October 1, 2012, on Friday reported net loss at Rs 2,141.80 crore for the quarter ended March, 2013. The company had reported a loss of Rs 1,151.83 crore in the same period a year ago.
The carrier reported nil sales for the period under review as...

New Delhi: Kingfisher Airlines employees, who haven't received their salaries for months, adopted a unique form of protest. They booed Royal Challengers Bangalore's Virat Kohli at the Delhi airport on Tuesday. Virat is the captain of the team owned by Vijay Mallya who also owns Kingfisher airlines.
Kingfisher Airlines, once India's...

New Delhi: State Bank of India (SBI) on Monday said the consortium of lenders has recovered Rs 8001,000 crore and is making all efforts to recover the remaining dues from beleaguered Kingfisher Airlines.
"KFA recoveries are going on. We have substantial amount of recoveries. Total recoveries for banks is more than...

Mumbai: Banks will continue to sell pledged shares of Kingfisher Airline and invoke all other securities till they get back the dues, SBI Chairman Pratip Chaudhuri said on Tuesday. State Bank of India is the leader of consortium of lenders to grounded airline Kingfisher.
"We have given instructions to recover and...